Hostmark JV Acquires Hampton Inn Austin Airport

These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!

Hampton Inn Austin Airport

AUSTIN, TX—Hostmark Hospitality Group has entered into a joint venture with Pendo Investments to acquire the Hampton Inn Austin Airport located here for an undisclosed amount. Hostmark Hospitality Group will manage the property.

“This is a phenomenal opportunity to expand our relationship with Hilton and the Hampton Inn brand in one of the premier markets in the United States,” stated Jerome F. Cataldo, president and CEO of Hostmark Hospitality Group.

The 102-room hotel is located in close proximity to Austin-Bergstrom International Airport and five miles from the new Circuit of the America’s Formula 1 Racetrack and Austin 360 Amphitheater.

“We have assembled a premier team with Hostmark, Hilton and Pendo Investments, to capitalize on a great hotel in a fantastic city,” stated Brian Buchhagen, president of California-based Pendo Investments. “We have earmarked capital to fully renovate the property providing a best-in-class guest product and experience,” he concludes.

Return Of Group Business Trumpeted At ALIS
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.